Cryptocurrency Q&A What is the DAI collat ratio?

What is the DAI collat ratio?

Elena Elena Tue Oct 15 2024 | 7 answers 1271
I'm trying to understand the DAI collat ratio. I want to know what it is and how it works within the DAI system. Can someone explain this to me in simple terms? What is the DAI collat ratio?

7 answers

Stefano Stefano Wed Oct 16 2024
This system ensures that borrowers maintain a sufficient level of collateral to cover their loans, mitigating potential risks for lenders.

Was this helpful?

75
96
GeishaMelody GeishaMelody Wed Oct 16 2024
Oasis Borrow offers a unique platform for users to leverage their digital assets for borrowing opportunities.

Was this helpful?

169
50
mia_rose_lawyer mia_rose_lawyer Wed Oct 16 2024
Oasis Borrow's dynamic collateral ratio offers users a tailored experience, accommodating different risk appetites and strategies.

Was this helpful?

185
60
Federico Federico Wed Oct 16 2024
Users have the flexibility to lock in various types of collateral, including popular cryptocurrencies like ETH, WBTC, LINK, UNI, YFI, MANA, and MATIC, among others.

Was this helpful?

141
28
emma_rose_activist emma_rose_activist Wed Oct 16 2024
The process allows individuals to access funds in the form of Dai, a stablecoin, against their collateralized assets.

Was this helpful?

124
47
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts